This discussion clarifies how to calculate and adjust GST tax payable using the portal. It explains the process of setting off IGST, both opening balance and current month's credit, against CGST and SGST liabilities. The user is seeking guidance on how to correctly apply these adjustments to determine the final tax payable amount.
19 May 2024
Can any body tell me what is the tax payable in this situation I don't know how to set off on the portal tax payable cgst - 29795 sgst - 29795 igst - 0 Itc opening balance - igst 4223 Current month itc - igst - 24949 cgst - 3210 sgst - 3210 please tell me and solve it
19 May 2024
First total IGST opening and current month adjust 50% against cgst and 50% against SGST, then adjust current month cgst and SGST. Pay the balance cgst and SGST.